“The ETF weights its investments by choosing companies that have the greatest gender diversity within a respective sector. This allows the fund to minimize significant sector biases,” says Lynn Blake, chief investment officer of global equity beta solutions at State Street, reports the Journal. “Otherwise, there would be significant skews toward certain industries because some, such as energy, have far less gender diversity than other sectors, such as consumer staples and health care, she says.”

Technology is SHE’s largest sector weight at nearly 21%. The healthcare and consumer staples sectors combine for almost 31% of the fund’s weight. Consumer discretionary and financial services names combine for 23%.

SHE charges 0.2% per year, or $20 on a $10,000 investment.

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